This document describes a method for controlling two specific types of Ethernet switching via Generalized Multi-Protocol Label Switching (GMPLS). This document supports the types of switching corresponding to the Ethernet services that have been defined in the context of the Metro Ethernet Forum (MEF) and International Telecommunication Union (ITU) G.8011. Specifically, switching in support of ...

This paper studies an environment of simultaneous, separate, first-price auctions for complementary goods. Agents observe private values of each good before making bids, and the complementarity between goods is explicitly incorporated in their utility. For simplicity, a model is presented with two first-price auctions and two bidders. We show that a monotone pure-strategy Bayesian Nash Equilibr...

The paper develops an integrated model of optimal nonlinear income taxation, public-goods provision and pricing in a large economy. With asymmetric information about labour productivities and publicgoods preferences, the multidimensional mechanism design problem becomes tractable by requiring renegotiation proofness of the final allocation of private goods and admission tickets for excludable p...

Annual Current-Dollar Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  National income and product . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .   . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...

The presence of public goods seriously challenges traditional or “natural” solutions for the allocation of private goods. Important policy questions, of whether we can rely on the market to provide optimal amounts of public goods such as air pollution, and how much we can rely on “natural” processes such as voluntary contribution to solve environmental problems, boil down to fundamental issues ...

We design the revenue-maximizing auction for two goods when each buyer has bi-dimensional private information and a superadditive utility function (i.e., a synergy is generated if a buyer wins both goods). In this setting the seller is likely to allocate the goods inefficiently with respect to an environment with no synergies [see Armstrong, RES (2000)]. In particular, if the synergy is large t...

요 약 IP 망을 활용한 VPN(Virtual Private Network)에서의 QoS 보장 및 광대역 서비스 제공에 대한 해결 방안으로 차세대 광 인터넷을 통한 OVPN(Optical VPN) 기술이 제시되고 있다. 차세대 광 인터넷의 구현 이 IP/GMPLS(Generalized Multi-Protocol Label Switching) over DWDM(Dense Wavelength Division Multiplexing) 프로토콜 프레임워크로 표준화되고 있는 현실에 비추어 볼 때, IP/GMPLS over DWDM 백본망을 통한 OVPN 은 차세대 가상사설망으로써 멀티미디어 서비스 제공을 위한 최적의 방안이 다. 이러한 멀티미디어 서비스 제공을 위한 OVPN 에서는 최적의 Optical-LSP(...

We present a theory of endogenous fiscal policy and growth. Fiscal policy — debt, income tax, spending on local public goods and public investment — is determined through legislative bargaining. Economic growth depends directly on public investment, private investment in human capital and, via learning-by-doing, labor supply. The model predicts that the economy converges to a balanced growth pa...

The preference between public and private negotiations for a buyer who sequentially visits two suppliers is examined. It is shown that the buyer weakly prefers to conduct private negotiations in order to create strategic uncertainty about the trade history. With substitute goods, such uncertainty is valuable only when price offers have short expiries that prevent a head-to-head supplier competi...

This paper examines the segregative properties of Tiebout-like endogenous processes of jurisdiction formation in presence of a competitive land market. In the model considered, a continuum of households with di¤erent wealth levels and the same preferences for local public goods, private spending and housing choose a location from a …nite set. Each location has an initial endowment of housing th...